A decision by the U.S. aviation regulator has moved forward plans by a small Georgia airport to begin commercial airline service, despite strong opposition by Delta Air Lines and the city of Atlanta, the local county authority said on Friday.
Bank of America Corp is still trying to get a penalty waiver from the U.S. Securities and Exchange Commission over a $16.7 billion settlement involving bad mortgages, Bloomberg reported on Friday, citing two people familiar with the matter.
The U.S. Securities and Exchange Commission will ask a federal judge to more than double the money Texas businessman Sam Wyly must pay from $200 million to $455 million for his involvement in an offshore fraud scheme, a lawyer for Wyly said on Friday.
A former stockbroker pleaded guilty on Thursday to his role in an insider trading scheme centered on a technology company acquired by International Business Machines Corp in 2009.
